Jim Cramer: Wall Street HATES Obama!
There are moments where I despair for the fate of this country, because it seems to me that we operate from completely different sets of realities based on the same set of facts. Unfortunately, Jim Cramer exemplifies this kind of "make-your-own-reality" within the media. You'd think he'd have learned after his humiliation on The Daily Show. But no, Jim Cramer unabashedly keeps blurring the lines between business reporting and market advocacy.
Cramer came on Hardball on Friday to insist that Wall Street just hates Obama's guts and they're just waiting for that cuddly Republican to get into office before they unleash all those jobs we all know they have. It's all that taxation and regulations that mean ol' Barack Obama insists on inflicting on Wall Street.
CRAMER: Okay, first, I’m going to agree with you, that the market has been fabulous, which is one of the reasons I’m always so astonished when people tell me that the problem is Obama. I mean, it’s clear Washington can be dysfunctional, but Democrats and Republicans not getting together. But when you get offline with CEOs, it’s not just Wall Street, but Industrial America, what they tend to say is, listen, we want to add, we want to hire, we want to grow in the United States, but everything is so up in the air and when it gets to the point where we’re thinking about what Washington’s going to do, we know we’re going to be the loser if President Obama is making the decision, because President Obama does not favor wealth creation and corporate profits. Not, the profits are huge. People have made a lot of money, but that is the rap that I hear.
MATTHEWS: What is it particularly when a banker or a rich guy, anybody who’s got to make thse big decisions—well, let’s look at some of these numbers first, because I think they’re really informative. When President Obama took office January 20th, 2009, the Dow Jones Industrial Average closed at 7949. Today, it closed at 11, 509, up from yesterday. That’s a 31% increase since Obama’s been president. Well, that alone sould be, wow, this guy’s good. And then there’s corporate profits. The New York Times cites a study by Northeastern University, and economist reports, “since the recovery began in June of 2009, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of that growth.” This is the stuff that causes revolutions, from the bottom, not from the top.
[..]
CRAMER: Look, I’m telling you that when you get off the desk with them, they really just feel like, look, if we got a Republican in there, we could really do a great thing in this country by hiring a lot of people.
My rage meter at Cramer's gleeful dishonesty is just redlining. CEOs are telling him privately that they're just waiting for a Republican in the White House to hire people while Americans suffer through massive unemployment? Well then NAME NAMES, Cramer, you dishonest jerk, and tell us just which CEOs are telling you this and who are acting so treasonously. Because Chris Matthews--to his credit, since you apparently don't believe in offering up these facts to these business owners--pointed out all the reasons that Obama could hardly be considered anti-business. These asses were bailed out by American taxpayers, posted record profits, pocketed nice little bonuses...but they need a Republican in the White House to pass that largesse back to the Americans? Well to put it bluntly, eff that.
And eff Cramer and his ridiculous advocacy for Republican lies.
But I have to give kudos to Chris Matthews for having facts on hand to show the lies and propaganda of Cramer's statements. Look how very differently Cramer was received earlier that day on Morning Joe.
The President did the right thing, morally and politically. The republicans have nothing, nothing but shallow lies.
"Government by organized money is just as dangerous as Government by organized mob"
-= Franklin Delano Roosevelt =-
Cramer is just another overpaid and overrated media blowhard that can't reason with people except by yelling and doing asinine stunts. Didn't get his message the first time? Then he'll yell louder and act even more childish and ridiculous.
Somebody needs to get the hook and get this incompetent and opinionated hothead off the stage, his 15 minutes of infamy were up long ago when he told people to buy Bear Stearns.
"We will find fulfillment not in the goods that we have, but in the good we can do for each other."
Robert F. Kennedy
Here's a guy who literally gets his money for nothing.
Didn't he cost his followers a ton of money a while back? Didn't they learn their lesson?
"Government by organized money is just as dangerous as Government by organized mob"
-= Franklin Delano Roosevelt =-
Thank you sir, may I have another? Sheesh.
"We will find fulfillment not in the goods that we have, but in the good we can do for each other."
Robert F. Kennedy
At the risk of sounding like I'm defending Cramer, Cramer wasn't advocating on behalf of Wall Street; instead, he was describing Wall Street's current mindset. Moreover, he sufficiently qualified his position by pointing out -- twice -- that Obama and his administration have done more for Wall Street than Bush ever did. Finally, Cramer suggested that those on Wall Street who decried the present administration's policies were fooling themselves, if not being outright disengenuous, when he concluded that they would not invest money in this country if Perry was elected.
In short, Cramer wasn't saying he believed the Wall Street narrative. Rather, he was reporting it.
These banksters and their corporate thugs will be sucking up to Obama to support another bailout. The farce is that the free market is a criminal enterprise where even the price of gold and silver are manipulated. Starve this beast and take your savings out of the banks and buy gold and silver. In the last 10 years gold was up 900%. Convert all you paper assets. End the global banker occupation or you can wait until these crooks heap their debt onto the American public with austerity measures. Just look at Greece.
As for this ass Cramer, he's another rodeo clown and a shill for the paper pushers on Wall Street.
....what do you sell the gold for? Buy up all the gold everyone, then when everyone uses it for purchases and its freely spread around, the price drops and you're broke, sitting on a ton of gold. Great strategy.
Mickey: "It was an epiphany. Do you know what an epipany is?"
Keoni: "NOT NOW MICKEY!"
Hey, how is the US dollar treating you? Why are things getting more expensive? Because the Fed prints dollars thereby devaluating your savings, pensions etc. A 1964 silver quarter could buy you a gallon of gas back then, today its value buys you two gallons. Take that you paper pushing troll!
The Dr. Phil Of Wall Street with his phony posturing and "I'm so angry!" shtick.
"Even if 50 million people say a stupid thing - it is still a stupid thing." - Anatole France
Let's bring on the expert on credibility, Mr. Jim Cramer.
"BUY BUY BUY! BEAR STEARNS!...oh...uhh..."
Vote GOP and move forward to the 18th Century.
...is the right word. Which is exactly the problem with multinational corporations. They owe no allegiance to any country or people. They are self-serving and amoral to the point of absurdity. They fail to see the logic of any type of altruistic behavior.
Name names, please and let the marketplace decide if it wants to buy from corporations that hold jobs hostage.
Let them state publicly that if they aren't allowed to foul everyone's food, air and water they won't hire another 100 workers at minimum wage for a 30 hour week!
The best lack all conviction, while the worst
Are full of passionate intensity.
One hell of a drug...
CTHULHU 2012 "Why vote for a lesser evil?"
I thought that was Kudlow who liked the blow.
"Someday somebody related to some of these sufferers, these victims, these collaterally damaged souls, may try to kill you. And I have to tell you, I think you’ll have it coming." - Christopher Cooper
but Cramer's energetically crazed daily euphorias are chemically enhanced with sweet Colombian gatorade.
Coke is rarely associated with Wallstreet types, thus the pity with Kudblow.
CTHULHU 2012 "Why vote for a lesser evil?"
Obama should take the antagonism of the moneyed class and wave it proudly like a battle flag.
It worked for FDR in 1936:
"For twelve years this Nation was afflicted with hear-nothing, see-nothing, do-nothing Government. The Nation looked to Government but the Government looked away. Nine mocking years with the golden calf and three long years of the scourge! Nine crazy years at the ticker and three long years in the breadlines! Nine mad years of mirage and three long years of despair! Powerful influences strive today to restore that kind of government with its doctrine that that Government is best which is most indifferent to mankind.
For nearly four years you have had an Administration which instead of twirling its thumbs has rolled up its sleeves. We will keep our sleeves rolled up.
We had to struggle with the old enemies of peace - business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.
They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob.
Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me and I welcome their hatred."
Thank you AC for a quote that truly reflects Americas' history and perfectly reflects our nations current reality. The Wall Street financiers, investment bankers and corporate ownership could not care less about America or any other nation. Their only purpose in life is to suck the wealth out of every economy on earth and re-enslave workers worldwide.
...and the republicans are their
salesmenhenchmen."Government by organized money is just as dangerous as Government by organized mob"
-= Franklin Delano Roosevelt =-
Bad Religion - Henchman
Bite my shiny metal ass.
http://www.startalkradio.net/
Might be a bit hazardous to do that - given the way the upper echelons of the armed forces have been stuffed with Talibangelicals over the last couple years, a new Business Plot might find a willing accomplice.
Then again, maybe that's just what the CEOs are waiting for...
The only talent this ugly dumb fuck has is sending bigger dumbasses into poverty.
Btw, what about all of the progressives here who claim Obama is a Wall Street lackey?
Obama is pragmatic and wants to be re-elected. Wall Street may not support him, but some people who treat Wall Street as if it were the Oracle at Delphi still may.
He has been amazingly effective for the obstacles he has faced. And those include a beauracracy over-stafed with Bush-era holdovers.
The best lack all conviction, while the worst
Are full of passionate intensity.
Cremaster's visit to the Daily Show, wherein he sat like a puppy that just shit on the rug as Stewart showed what a snake oil salesman he is. Statistically, Jimbo is just slightly less accurate in his market predictions than flipping a coin. Whatever humiliation can possibly be heaped upon this corporate whore is not nearly enough to punish him for his histrionic, fraudulent insider trading. Whomever loses their shirt to his "advice" deserves to be penniless for listening to such a pernicious human being.
"Someday somebody related to some of these sufferers, these victims, these collaterally damaged souls, may try to kill you. And I have to tell you, I think you’ll have it coming." - Christopher Cooper
jim cramer's advice is just another way of
telling people to eat the poo in their depends.
he's a fucking moron and and has cost many
an investor a substantial portion of their private
portfolios.
Jim Cramer......a dog and pony show. What a tool. Just throw your money in the drain.
Just add a soundboard with fart noises and you got a fecking show.
Bite my shiny metal ass.
http://www.startalkradio.net/
Does Cramer mean the traders and brokers who earn money by the sweat of others' brows?
Or does he mean the corporations that have a vested interest in keeping employees at low wages and low hours?
Ask him why WalMart doesn't give full time hours when they so easily can.
The best lack all conviction, while the worst
Are full of passionate intensity.
and that should be the length of the story. He "knows" no thing. Nothing. Nada, Squatsky. bupkis.
In summary, Mr. Cramer is saying that the Republican businesscritters are in breach of their fiduciary duties to their shareholders - they could hire more workers and make more profits for their shareholders, but they won't do it until they get their ice cream with sprinkles. (See Ben Sargent's cartoon at http://wpcomics.washingtonpost.com/client/wpc...)
As for the Republican Congresscritters... traitors, all, who would rather see the country fall into ruin rather than anger Rush Limbaugh.
That's a great cartoon.
"Government by organized money is just as dangerous as Government by organized mob"
-= Franklin Delano Roosevelt =-
Cramer is a lying asshole. "Buy Bear Sterns" while he sold it short. Telling people that Washington mutual was a good buy a week before it crashed. Unemployment will not go to 10%. Oh screw it, there is so much crap that comes out of this jerk's mouth I just turn him off. If he says something the truth is just the opposite.
And good on tweety. He has been pretty damn good lately with some nonsense thrown it just to keep everybody on their toes.
Oh, sorry...it's Jim Cramer.
The one that got away.
Whatever it takes to get attention.
Wall St. doesn't listen to a word this guy says. Why would anyone of any status over there tell him anything?
All completely fabricated. A regular michele bachman.
Whatever it takes to get attention.
Humpty Dumpty was pushed.
I have a special hatred for Jim Cramer. Back in '08, I was working for AIG in their Personal Lines Claims division (not even remotely connected to the theft going on in the Financial Services branch). Cramer went on teevee, provided his knuckle-dragging viewers with the number to our customer service department where I worked and he instructed them to call, and keep calling. We were deluged with angry "taxpayer" calls, furious with how "we" got all this money. It got so bad that we had to hide our ID's when we went off the premises because we were getting death threats. Here we were, low-level customer service reps who were just trying to do an already stressful job (with no raises, no christmas bonuses, nothing. Unlike Cramer's buddies at the top) and this is what we had to deal with. Many people quit outright; some of us (myself included, hung on, but we were never able to deal with the job the same way again. Recently (with my health failing) I was let go from the company that took over AIG's Personal Lines division). So FUCK YOU, JIM CRAMER! I hope you rot in hell, you scumbag!
If you have selfish, ignorant citizens, you're gonna get selfish, ignorant leaders.
George Carlin
The Federal Debt As Criminal Scam, The Federal Reserve As Criminal Syndicate
http://www.zerohedge.com/news/guest-post-fede...
The Federal Reserve is a criminal syndicate buying debt that the government eagerly creates and sells for spending money that dumps the debt on us civilians. What perplexes me is that the scam is so simple and all the intellectuals either don’t get it or are handcuffed by mega-corporate media owners.
The scam in simple terms:
1. Uncle Sam borrows money from The Fed, China, oil exporters, Bank of England, etc. by selling Treasury bonds
2. You are responsible for the bonds, i.e. IOUs
3. Uncle Sam collects taxes and pays the bondholders
4. The debt is breaking us; life will not be the same in the years to come
Uncle Sam borrows all its spending money from the non-government Fed and others, and spends only borrowed dollars raised from exchanging bonds for dollars as a debt plus interest on your back.
Republicans never fought big government under Bush, and still don't actually. Big government means big public tax dollars paid by those of us who pay taxes continue to be pumped into defense contractors, and continue to back the nuclear, oil and natural gas industries, as well as the housing, banking and insurance business. "Free enterprise" couldn't exist on its own without Big Brother there to bail it out. The big government the GOP wants to decimate is Social Security, Medicaid, Medicare, because the corporate bosses don't make money off them.
As for Cramer, he is wrong again. Wall Street and Obama have a classic love-hate relationship that it has no interest in breaking off.
"Let's Do It !"
Was there anything, I mean ANYTHING better than watching Stewart hand this lying piece of shit his ass on a platter. Oh how the lying piece of shit groveled. Oh sweet justice. In fact I'm going to go watch it again right now. Join me won't you?
But I've noticed that the facts seem to hate Jim Cramer.
Why would Wall Street hate Obama, cueball? The stock market has literally doubled since he took office from that disaster of a president, George W Bush. What are they, a bunch of shit for brains?
And 80% of America hates Wall Street types like you Kramer.
to add to all the other republican lying sacks of horse manure, so what else is new? yep, there is this huge, pent-up demand for goods and services out there, being unmet by business, because of all those regulations & rules that keep them from responding to the market. they are just soooooooooooooooo uncertain!
look, if a real ceo really came out with something as obviously stupid as that in public, his/her dumbass would be canned in less than a heartbeat. hence, we'll get no names from mr. cramer, because he's just lying, like his buddy, rep. bachman.
let's face it, I ain't got a pot to piss in, or a window to throw it out of, so I got no skin in the game, but after watching this schlub for about a year, and reading and watching the financials everyday for a few years, I got a good idea this guy was lying, and trying to manipulate markets with his say-so alone. just about every time this guys shouted buy buy buy, I'd look the following night at the financials, and have to say ...'Yep...WRONG AGAIN"!! so finally, it dawned on me, this guy is PUT there, by the real money-movers, to trick ya'll into making moves, that they have already bet against!! I found out that the more you do the OPPOSITE of what he says, the more "correct" your position will be at the close of business the next day. Since HE has no skin in your game, HE COULD CARE LESS IF YOU MAKE OF LOSE MONEY, HIM AND HIS FRIENDS GET PAID JUST TO MAKE THE TRADES FOR YOU, either way, whether you win or lose your bet, they get a piece of the action in fees, he's playing in a no-lose game, there's no RISK in that, and apparently, it doesn't take much in the way of brains either.
He can weasel out of criticism because he stated that this his not his opinion, and he claims that this is what Wall Street and industrial CEOs tell him.
Either Cramer is lying or our titans of industry are completely irrational and stupendously ignorant.
Isn't illegal then it should be. They are stupendusly greedy and crooks who want to game the system to line their own pockets and eff everybody else.
The internal controls in these wall st casino firms are lax at best in fact recklessness and pushing the envelope is encouraged, rewarded, it's the gd wild wild west. And they want to entrust SS income to them?
Long live the occupation of 'wall street'! Guys like cramer make me vomit in my mouth a little.
Is it the 21st century yet?
because he is black-pure and simple.
When are these businessmen going to realize something Henry Ford figured out long ago, if you pay your employees a decent wage they will be able to buy the very product they are making.
I sold my rental house in 2006 based on what liberals were saying about an imminent housing bust.
I remember this idiot spouting off about the great economy and housing market, until the day before it all crashed in 2008.
I knew what was going on two years before this idiot, and yet there he is, still spewing the same bullshit night after night on the librul' media.
If I were a psychopath, I would join the republican party, and get in on the gravy train taking the Teabircher morons to the cleaners.
scratching nuts where they both work?
"Folks, this is not your father's Republican Party."
Joe Biden
It must be nice to be a big business in America these days. You can hold jobs hostage, and you have the full backing of the majority party in the senate.
Capitalism <> Democracy
I don't think it's too far-fetched to think that Wall Street et.al. are purposely manipulating the economy in ways to assure they get a government that will give them everything they want. Keeping high levels of unemployment is no biggie to them. It's just numbers. The goal is deregulation, tax elimination, etc. Eyes on the prize. Any means necessary.
Cramer isn't sympathizing with this idea. He's saying this is what Wall Street is thinking.
I had to watch it twice to make sure. In the first video he agreed with Chris Mathews and the president. From what I understood watching it he was as baffled as Chris as to what the bankers felt. Chris asked him what they believed he responded. I certainly believe he deserved the thrashing he received on the Daily Show but I didn't see anything in the Chris Mathews interview that made him look bad.
Neither did I. I became kinda detached midway through the interview because it wasn't what I expected to hear.
What baffles my mind is how everyone spewing out hatred towards Wall Street overlooks the fact that MILLIONS of ordinary folks are got killed in their 401k's when the stock market crashed - my retired mother and my in-laws, my handicapped brother, my sister-in-law with cancer all got PUNISHED financially in this economic crisis. Why are people so opposed to the stock market recovering? Isn't the beef really with specific abusers - hedge fund managers that don't pay taxes at the same rate as the rest of us? Bankers that take too much risk and expect US to subsidize their risk, when the taxpayer isn't reaping any benefit? Etc?
every time the market does a tiny recovery and then crashes, it's the little guys getting the shit kicked out of them and their lunch money being taken off them by the guys who never lose. At this point, he deck is stacked against your mom and in-laws, and everyone not already wealthier than Christ.
me-oww!
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