Thursday, March 05, 2009

Jim Cramer just doesn't get it.

Jim Cramer has come out and complained about the way he’s being assailed by the Obama faithful for his telling the truth on live morning television (NBC) about the administration’s advancement of wealth destruction as a lever to advance the socialist agenda.

The problem is, Cramer is a major Democrat supporter – including financially (until recent contract limitations precluded any further donations). He admits to six figure contributions. He voted for Obama and admits that he wants most of what Obama is all about, just not while the stock market is in such bad shape.

You can’t have it both ways, Jim. At the risk of using a catch phrase, elections have consequences, and your political mindset is ludicrous given your alleged dogmatic support for stockholders and their financial well-being.

Jim, what part of socialism do you believe contributes to accumulation of wealth for individuals? And why, if you support the Obama agenda would anyone believe what you have to say about stocks – other than you predicted the earlier declines? Given the realization on the part of investors that Obama was going to be the next President, the declines were a no-brainer. And right after the election there was another collapse. Then come the stories about just how far into a managed economy the Democrats are willing to let Obama take us and here we all are. Knowledgeable wealth has fled the stock market and regular folks, the ones you so adamantly claim to want to protect, are facing the consequences of not getting out or being agile enough to get out in time.

Methinks you doth protest too much.

The Honorable Judge Roy Bean

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