cramer: obama’s stimulus plan is a joke

Fri, Feb 13, 2009

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13 Comments For This Post

marcus Says:
February 13th, 2009 at 2:04 pm

sorry, but Cramer is a joke. That guy was saying the economy was fine for months as headed toward recession. He as debating whether or not we were in one. Then, he argued for rates cuts which were supposed to fix everything and didn’t. He is the last person, I would go to for economic advice.

MikeInAZ Says:
February 13th, 2009 at 6:16 pm

I’ll have to agree with marcus. Cramer for information is next to useless. Cramer for entertainment, yes.

seriouslymarcus Says:
February 13th, 2009 at 8:56 pm

Marcus,

Are you serious? And our community organizer of a president who has done nothing in the last 6 years but RUN for office has the answers. He brings in a guy to run the treasury/irs that didn’t pay his taxes for a DECADE. And refuses to pay back anything before the statue of limitations. (that is a joke)

This pork barrel spending plan does nothing but socialize our country, nationalize every major industry and put us in the hole for decades.

Cramer is a self made man who has actually worked for a living. He built a successful enterprise and has paid more in taxes then your entire family tree.

Rate cuts would have worked had we not had the loose borrowing requirements fanny and freddie imposed on the banks. (you had to borrow money to everyone and you couldn’t discriminate on people who appeared to not be credit worthy (in comparioson to other decades)

We are not in this mess becuase a few banks have private jets. (which private jets actually have a purpose..to fly executives to meetings.) And when Al Gore puts his in the Hanger for good I will join the shamefest.

When you borrow money to every noncredit worthy individual. It is no wonder it all collapses. When every irresponsible person files for bankrupcy..we appluad the person for digging out of the whole not realizing it stiffs someone. (like the bank you had the credit card with)

Don’t worry…we are about to spend a trillion dollars on electric golf carts for congress, make every public building green fiendly, nationalize healthcare and make every biz exposed to organized labor.

We are past the historic election (and what a great nation it is that anyone can become president) But elections have consequences. When you elect the most liberal congressman…you get what you voted for.

Our country will soon be more communist then China….and when you take your jabs back at me. Think DMV (as in the crazy place you try to get a drivers license) Now imagine that zoo as your doctors office waiting room.

I wouldn’t have a wart removed from a VA hospital and that is where we are headed.

Good help us all.

P.S

Pilousi had $20 million dollars in the stimulus plan for condoms and birth control. Until a few real reporters dug it out. The socialists (I mean Dems) are pushing this so fast that half the congress doesn’t even know what they are voting for.

You do not spend yourself out of a recession. Try giving some cuts to the people who produce in the country instead of the freeloaders who are too lazy to get a job, get an education or want to be contribute to this great country.

Martin Snyder Says:
February 13th, 2009 at 9:12 pm

Cramer’s own bio states clearly and with very little doubt that his wife Karen was the sole reason he ever made a dime. Once she stopped trading for him, he lost and lost, just like he does 5 nights a week for his listeners/viewers.

Cramer’s “philosophy” in a nutshell: buy in a rising market, sell in a sinking market. A surefire method to lose your ass on Wall Street.

Martin Snyder Says:
February 14th, 2009 at 3:50 pm

How about a spell-check with your discredited talking points seriouslymarcus? Nice trick: every single line of your response is wrong. Opposite day on Cheezhead?

mattheca Says:
February 15th, 2009 at 1:42 am

@ seriouslymarcus

First off, you don’t “borrow” money to someone. You lend it.

“Rate cuts would have worked had we not had the loose borrowing requirements fanny and freddie imposed on the banks. (you had to borrow money to everyone and you couldn’t discriminate on people who appeared to not be credit worthy (in comparioson to other decades)” Gimme a break. First off, explain how rate cuts would have worked? Second, banks didn’t “have to lend” to anybody. They operated on an “originate to distribute” model which traded spread revenue for fee revenue. They could make more money by lending and selling and lending again, so they were incented to originate as much as they possibly could to generate more fees. There was a lack of accountability in the system which left the rating agencies – who had no skin in the game – the sole arbiters of credit. You so don’t understand of which you speak.

Marcus Says:
February 17th, 2009 at 2:54 pm

@Martin Snyder

BWAHHH!!!!! I can’t come up with a counter to his argument, so I’ll comment on spelling and grammar.

Also to seriouslymarcus—you are making the same tired argument that were made in 1993 when President Clinton initiated his Stimulus Plan that led to the large economic growth. I think it is time to accept that McCain lost. I hope your company has an EAP. You should give them a call.

nick Says:
February 20th, 2009 at 1:49 pm

Obama is a clown with this nonsense..He says taxes will go down for middle class…yet goes after a trillion dollar stimulus plan…with 350 billion of it on interest..Think for a second.. How is this possible? Its not. Also, he wants to give more money to people who do not even pay taxes. Does this make sense? No. This is more welfair money, health care, and food stamps to people who don’t do anything for this country, except cost us money. And he just wants to keep giving more money and benefits to them. Bottom Line. Everyone has had a chance for education. There are College aid, benefits for the people of poverty, and even a “Discount” if you are minority. This little plan Obama wants is a TRUE JOKE!!!

Martin Snyder Says:
February 21st, 2009 at 11:57 am

I you can’t spell even the basics or use a spell check, is reveals a lack knowledge and/or mental laziness. Try throwing a resume out there with a bunch of mistakes in it; see how far it gets you. A typo here or there is one thing- pervasive crappy writing is another.

Nick, you want to starve children for being born to poor parents? Every civilized nation has some form of social welfare, even the Roman Empire. If we went to a pure heartless meritocracy, I bet you would not enjoy it very much at all- another one with the “Welfair”, and too cowardly to use your real name.

nick Says:
February 23rd, 2009 at 3:21 am

I said he wants to give more, as if the amount they are recieving now is not enough.

nick Says:
February 24th, 2009 at 1:54 pm

Now, if you would take time to read, you would have noticed the word MORE. However, another little liberal doesn’t take the time to do something. Hmm.. Imagine that, no wonder the man is in office. Everyone THINKS things will be handed to them on a silver platter, which is not the case. Taxes will be going up for everyone whether you like it or not. Maybe if people would do some research every once n a while. Spend your way out of a recession, not just spend. Go all out right? Trillion dollars with 350 bllion on interest. How can anyone think that is a good idea, it’s terrible.

nick Says:
February 24th, 2009 at 1:55 pm

And when I said everyone, I meant only the 60% of America that pays taxes, the other lazy bums will remain on their benefits!!

nick Says:
February 24th, 2009 at 1:58 pm

And Martin, this goes to you. How can you talk about someones grammar? Did you look at the way you spoke? I YOU??? is reveals??? Come on now son, don’t judge on something that you can’t do yourself big guy.

marcus Says:
February 13th, 2009 at 2:04 pm
sorry, but Cramer is a joke. That guy was saying the economy was fine for months as headed toward recession. He as debating whether or not we were in one. Then, he argued for rates cuts which were supposed to fix everything and didn’t. He is the last person, I would go to for economic advice.
MikeInAZ Says:
February 13th, 2009 at 6:16 pm
I’ll have to agree with marcus. Cramer for information is next to useless. Cramer for entertainment, yes.
seriouslymarcus Says:
February 13th, 2009 at 8:56 pm
Marcus,

Are you serious? And our community organizer of a president who has done nothing in the last 6 years but RUN for office has the answers. He brings in a guy to run the treasury/irs that didn’t pay his taxes for a DECADE. And refuses to pay back anything before the statue of limitations. (that is a joke)

This pork barrel spending plan does nothing but socialize our country, nationalize every major industry and put us in the hole for decades.

Cramer is a self made man who has actually worked for a living. He built a successful enterprise and has paid more in taxes then your entire family tree.

Rate cuts would have worked had we not had the loose borrowing requirements fanny and freddie imposed on the banks. (you had to borrow money to everyone and you couldn’t discriminate on people who appeared to not be credit worthy (in comparioson to other decades)

We are not in this mess becuase a few banks have private jets. (which private jets actually have a purpose..to fly executives to meetings.) And when Al Gore puts his in the Hanger for good I will join the shamefest.

When you borrow money to every noncredit worthy individual. It is no wonder it all collapses. When every irresponsible person files for bankrupcy..we appluad the person for digging out of the whole not realizing it stiffs someone. (like the bank you had the credit card with)

Don’t worry…we are about to spend a trillion dollars on electric golf carts for congress, make every public building green fiendly, nationalize healthcare and make every biz exposed to organized labor.

We are past the historic election (and what a great nation it is that anyone can become president) But elections have consequences. When you elect the most liberal congressman…you get what you voted for.

Our country will soon be more communist then China….and when you take your jabs back at me. Think DMV (as in the crazy place you try to get a drivers license) Now imagine that zoo as your doctors office waiting room.

I wouldn’t have a wart removed from a VA hospital and that is where we are headed.

Good help us all.

P.S

Pilousi had $20 million dollars in the stimulus plan for condoms and birth control. Until a few real reporters dug it out. The socialists (I mean Dems) are pushing this so fast that half the congress doesn’t even know what they are voting for.

You do not spend yourself out of a recession. Try giving some cuts to the people who produce in the country instead of the freeloaders who are too lazy to get a job, get an education or want to be contribute to this great country.
Martin Snyder Says:
February 13th, 2009 at 9:12 pm
Cramer’s own bio states clearly and with very little doubt that his wife Karen was the sole reason he ever made a dime. Once she stopped trading for him, he lost and lost, just like he does 5 nights a week for his listeners/viewers.

Cramer’s “philosophy” in a nutshell: buy in a rising market, sell in a sinking market. A surefire method to lose your ass on Wall Street.
Martin Snyder Says:
February 14th, 2009 at 3:50 pm
How about a spell-check with your discredited talking points seriouslymarcus? Nice trick: every single line of your response is wrong. Opposite day on Cheezhead?
mattheca Says:
February 15th, 2009 at 1:42 am
@ seriouslymarcus

First off, you don’t “borrow” money to someone. You lend it.

“Rate cuts would have worked had we not had the loose borrowing requirements fanny and freddie imposed on the banks. (you had to borrow money to everyone and you couldn’t discriminate on people who appeared to not be credit worthy (in comparioson to other decades)” Gimme a break. First off, explain how rate cuts would have worked? Second, banks didn’t “have to lend” to anybody. They operated on an “originate to distribute” model which traded spread revenue for fee revenue. They could make more money by lending and selling and lending again, so they were incented to originate as much as they possibly could to generate more fees. There was a lack of accountability in the system which left the rating agencies – who had no skin in the game – the sole arbiters of credit. You so don’t understand of which you speak.
Marcus Says:
February 17th, 2009 at 2:54 pm
@Martin Snyder

BWAHHH!!!!! I can’t come up with a counter to his argument, so I’ll comment on spelling and grammar.

Also to seriouslymarcus—you are making the same tired argument that were made in 1993 when President Clinton initiated his Stimulus Plan that led to the large economic growth. I think it is time to accept that McCain lost. I hope your company has an EAP. You should give them a call.
nick Says:
February 20th, 2009 at 1:49 pm
Obama is a clown with this nonsense..He says taxes will go down for middle class…yet goes after a trillion dollar stimulus plan…with 350 billion of it on interest..Think for a second.. How is this possible? Its not. Also, he wants to give more money to people who do not even pay taxes. Does this make sense? No. This is more welfair money, health care, and food stamps to people who don’t do anything for this country, except cost us money. And he just wants to keep giving more money and benefits to them. Bottom Line. Everyone has had a chance for education. There are College aid, benefits for the people of poverty, and even a “Discount” if you are minority. This little plan Obama wants is a TRUE JOKE!!!
Martin Snyder Says:
February 21st, 2009 at 11:57 am
I you can’t spell even the basics or use a spell check, is reveals a lack knowledge and/or mental laziness. Try throwing a resume out there with a bunch of mistakes in it; see how far it gets you. A typo here or there is one thing- pervasive crappy writing is another.

Nick, you want to starve children for being born to poor parents? Every civilized nation has some form of social welfare, even the Roman Empire. If we went to a pure heartless meritocracy, I bet you would not enjoy it very much at all- another one with the “Welfair”, and too cowardly to use your real name.
nick Says:
February 23rd, 2009 at 3:21 am
I said he wants to give more, as if the amount they are recieving now is not enough.
nick Says:
February 24th, 2009 at 1:54 pm
Now, if you would take time to read, you would have noticed the word MORE. However, another little liberal doesn’t take the time to do something. Hmm.. Imagine that, no wonder the man is in office. Everyone THINKS things will be handed to them on a silver platter, which is not the case. Taxes will be going up for everyone whether you like it or not. Maybe if people would do some research every once n a while. Spend your way out of a recession, not just spend. Go all out right? Trillion dollars with 350 bllion on interest. How can anyone think that is a good idea, it’s terrible.
nick Says:
February 24th, 2009 at 1:55 pm
And when I said everyone, I meant only the 60% of America that pays taxes, the other lazy bums will remain on their benefits!!
nick Says:
February 24th, 2009 at 1:58 pm
And Martin, this goes to you. How can you talk about someones grammar? Did you look at the way you spoke? I YOU??? is reveals??? Come on now son, don’t judge on something that you can’t do yourself big guy.

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