First it was Rush Limbaugh and then Rick Santelli now it’s Jim Cramer who seems to be at the top the White House’s “enemies list”.
While I’m no fan of Jim Cramer and his often over the top rants he’s right on the mark with his criticism of Pres. Obama’s agenda:
This is an agenda that must be held back for better times. It is an agenda that at this moment is radical vs. what is called for. I am proud to have voted for the Obama who I thought understood the need to get us on the right path, and create jobs and wealth before taxing it and making moves that hurt job creation — certainly ones that will outweigh the meager number of jobs he’s creating.
Most important, I believe his agenda is crushing nest eggs around the nation in loud ways, like the decline in the averages, and in soft but dangerous ways, like in the annuities that can’t be paid and the insurance benefits that will be challenging to deliver on.
So I will fight the fight against that agenda. I will stand up for what I believe and for what I have always believed: Every person has a right to be rich in this country and I want to help them get there. And when they get there, if times are good, we can have them give back or pay higher taxes. Until they get there, I don’t want them shackled or scared or paralyzed. That’s what I see now.
I’ve said it before and I’ll say it again, we can not spend our way to prosperity… A limited amount of short term government spending on infrastructure projects is a necessary evil in times like these. That alone though will not get our economy moving and provide for long term growth, we need to free up capital… Suspending payroll and capital gains taxes for a year would put more money in peoples pockets that they can spend or invest now. That will have a far more immediate affect on the economy and the stock market than government spending proposed by the President.
Exit Question: Am I the only one who’s starting to miss Jimmy Carter?