Jim Cramer, take the next step...
Mr. Cramer,
You just recently stated that you are a supporter of Mr. Obama's economic plans, just not right now:
http://www.mainstreet.com/article/moneyinvesting/news/cramer-takes-white-house-frank-rich-and-jon-stewart
You support cap-and-trade, healthcare "reform", etc. and you do favor "almost all of Obama's agenda".
You don't want Obama to pass those now because we're in a horrible recession, and those things will cause a Depression":
"But all the initiatives he wants to rush, like tax hikes, changes in health care, tinkering with the mortgage deduction -- good grief, right now in the midst of the worst housing downturn ever -- and the tough cap-and-trade rules, will derail any chance we have of turning this economy around. Instead, they put the Second Great Depression smack on the nation's table."
OK, if you don't want them passed now because they'll make a recession into a Depression...why would we want to pass them AFTER this recession?
By your own logic they will be a drain on the economy, but they will be PERMANENT: the excessive cost of this socialism will be to turn what would have been a recession without them into a depression, what would have been weak growth into recessions, and strong growth into weak growth, etc.
That PERMANENT drain on our economic output is exactly why we're opposed to them ALL THE TIME. Yes, implementing them NOW will be disaster. But implement as we're coming out of a bad recession and risk slipping back into one?
This is exactly why Obama and his team want to try and implement this NOW. By pushing back these programs until the economy is healthy, they are tacitly ADMITTING that they will cause permanent damage to our economic output.
So they HAVE to implement these now else they admit the Emperor has no clothes.
They know exactly what damage this will cause, but they are not interested in long-term economic growth. They are interested in consolidating power (tax.tax.tax.spend.spend.spend.elect.elect.elect) and implementing socialism.
The next logical step is right there in front of you, Mr. Cramer. It's a lonely road, but ultimately comforting that you made the right decision.

1 Comments:
You should step outside and take a deep breathe.
Breathe.
In.
Out.
You'll feel better.
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