One of the rare times that I agree with Cramer also. The thing that Cramer doesn't get is that Obama doesn't give a crap about the stock market. His background is based on redistribution of wealth and central control of the economy and business. That is bad for stocks and if I didn't believe that the American people will reject this road toward socialism in 2010 and 2012 I would sell all of my stocks. It is as clear as day to me that Obama is more Marxist than I thought I would be. The goddamn press continues to fall all over him and ignore that fact. It's like we're living a nightmare now where everywhere you turn the left is in control.
A revolution of ideas using the power of our voices and votes will save our country. The stimulus plan, cap and trade, national health care, amnesty for illegal aliens, etc are all ways for the left to control our lives for decades.
I adamantly reject the policies of Obama and his minions and will not subject my children to live under socialism. I will be more active politically and fight for bringing our country back to her founding principles. I have had enough! Have you? If you have, get more active locally and make a difference or we are going to lose our country. If you think you can't make a difference you're all wrong. the Tea Parties are the start and will grow larger as the Obama power grab rolls on.
--- In MediaValue@yahoogro
>
> Cramer: Obama Hurting the Economy
>
> Posted By:Tom Brennan
>
>
> The same force that so hurt the markets this winter has yet again reared its ugly head: the White House's anti-business rhetoric. Cramer on Wednesday blamed the negative sentiment for stocks' recent pullback. Investors don't seem to trust President Obama to create jobs and stimulate the economy, not when he prioritizes climate change and health care.
>
> "I want President Obama to succeed," Cramer said, "but right now he's getting it wrong."
>
> Obama's administration seems to be working on all the wrong things, at least for now given the recession and the chatter about revisiting the early March lows. On top of cap-and-trade and Medicare, the president has pushed for the expansion of union powers, taxing offshore corporate profits and even probing AT&T [T 23.38 -0.16 (-0.68%) ] and Verizon [VZ 28.64 -0.01 (-0.03%) ] on antitrust grounds. Cramer doubted that Obama could send clearer signals that his concerns are anywhere but the economy. Not that these aren't noble pursuits, but people need steady income so they can pay their mortgages.
>
> "The president should be focusing on job creation," Cramer said, "but is in fact doing very little of the sort."
>
> A look at the Mad Money Obama Accountability Index, created just after Inauguration Day, tells the tale.
>
> The index, comprising
>
> Bank of America [BAC 11.97 0.13 (+1.1%) General Electric [GE 10.86 0.15 (+1.4%) ],
> Citigroup [C 2.69 0.07 (+2.67%) ],
> JPMorgan Chase [JPM 33.62 0.91 (+2.78%) ],
> Caterpillar [CAT 30.62 0.04 (+0.13%) ] and
> General Motors [GM 0.075 -0.005 (-6.25%) ],
> has dropped to 96.1 from its starting point of 100.
>
> While that may not sound bad, this measure of Obama's job performance "has been on the downswing," Cramer said. And on a technical basis, the OAI could drop to 84 if all this anti-business chatter continues.
>
> Businesses won't start hiring until we get two of three economic imperatives, Cramer said: people need to feel their jobs are stable, their home prices are stable and that stocks are going higher. Right now we have stabilization in home prices, but not in jobs. And then there's the OAI. One of three isn't good enough.
>
> Cramer urged Obama to postpone his agenda for now in favor of boosting the economy. And the best way to do that is to fight unemployment.
>
> "Without more job creation," Cramer said, "the president's agenda and his tone will continue to slowly and inexorably squeeze the life out of this stock market."
>
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