Jim Cramer accuses Obama of creating 'tremendous fear' and 'panic' / C&L's

Jim Cramer accuses Obama of creating 'tremendous fear' and 'panic'

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By David
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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."

http://videocafe.crooksandliars.com/david/jim-cramer-blames-obama-creating-tremendous-

I don't like how this turned out but the Republicans are the cause.

...always go against what Cramer says. Jon Stewart long ago showed what a fraud this moron is. Remember, he's also with the network where the teabaggers first got their start.

The "fear and panic" was and is real for millions and has been going on for the better part of a decade. Its seeing jobs vanish by the millions, prices continue to rise and banks getting bails outs while if they dare to be even a day late with a mortgage or card payment their rates go into double digits. But when you're rich and on the teevee you only see other rich people...the working class is voiceless.

nt

and get dressed down again.

run the show. Dow fell 777 points in one day.

Yet Bush is still wrongly considered "strong and decisive". I get sick of assholes who project onto the President (from both sides).

http://www.google.com/#hl=en&newwindow=1&safe=off&sa=X&ei=taM2TrXAEYP4gAeY3_mjDQ&ved=0CBUQvwUoAQ&q=do+the+opposite+of+what+jim+cramer+says&spell=1&bav=on.2,or.r_gc.r_pw.&fp=a3257563543a8c0&biw=1063&bih=677


Get the marks to swallow his play as golden, then bet against them.

.... market by giving out bullcrap P.R. and then buying into some sort of fund that would benefit
from certain stocks going up?

Bet you he wanted to sell short on t-bills.