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I was beginning to wonder how long people were going to accept the excuse, "it's Bush's fault". President Obama is tanking the economy worse and worse everyday. Gas prices are jumping up. Where the daily stories blaming the White House and Democrats for this?
Bernstein, a stunning idiot. HOW LONG does it make sense to blame the plunge on Bush? Better yet, why not blame it on Limbaugh, as Doltbama's plan seems to be now?!!
The Veep's economist needs a shovel for the sh** he is mongering. The problem was certainly a pre-existing matter. But the market's response in the last month has everything to do with the nature of the Hope and Change--socialism--the markets unmistakably perceive. Cramer, Santelli, Limbaugh are not leaders of a cabal. If the White House doesn't like the market's response, they should shut down the market and remove the private sector component a la Lenin/Stalin--pricks!
You are wrong. He says 'Give me the cake and I will decide who gets to eat.' So much for the fervent denials made by the Obamapologists that his ties to Ayers, the Allinsky Brigade , and Rev. Wright were not signals of his socialist sympathies. Of course, we don't need to assume anything now. We have a six-week record of socialist actions taken by the Socialist-in-Chief Obama. Hell, even Chavez is getting lathered thinking that Obama is bring the U.S to the precipice of socialist utopianism.
Brilliance!!!! The economy is in the toilet...... lets put a huge tax on energy!!!!!! (Obama's cap and trade initiative to penalize cheap "dirty" energy)...... so now one of the few things that impacts everything (energy) is going to go up in cost..... so everything costs more!!!! GREAT PLAN!!!!! Oh yeah, we have 230 years supply of cheap coal here in the US where we get 60% of our electricity today at one of the lowest costs in the world....... lets take that advantage away from America!!!!!
How can you expect the money markets to recover if everyday they are under attack by the Obama Bozos? The policies put into place will make it harder for the economy to recover and new business to grow, yet Obama is telling us to invest in the market. Please Oh by the way how much is your 401K worth today?
Why is it that idiots are in charge. Credit market freeze? If you can't pay, you should not get credit!! Why is that hard to understand? His fix? More bailouts, no company is allowed to fail and more money to car companies and banks while the stock market dives. Better yet, lets keep yelling "crisis" and see what happens. Sign bills with earmarks and break your promise - yes, that is original Obama. Republican, democrat does not matter. Wrong is wrong and this is not leadership.
2 things.....his secr doesn't read her 1040 instructions..... and WB is following the government's policies. The tax strctre is set up to provide punitive tax rates for high income people unless they invest in tax free municipal bonds (good for towns and cities) or invest their capital in businesses.... OH . lets change that...... lets raise his taxes so he loans less money (at low rates 2 towns) and pulls his money out of businesses that create jobs..... good plan Vladimir0538.
If the answer is to support big gov't & industry central planners to use secretive policy and financial products to obfuscate the free market toward corruption.
was I asleep when we went from sound principles like "DON'T EVER CO-MINGLE THE BANKING SYSTEM AND WALL STREET" to all eggs in one basket, roll the dice, invent ways to destroy a people's general welfare..? I believe whenever a person that has been justly elected by the people when confronted with a question as how to decide what to do in any given case the first question that should be asked is Will my decision "promote the general welfare or will it do harm..?" untested waters is harm..
rescession started 2 months before bush left. obama is president for about 2 months... So if they start complaining about why obama haven't fixed it yet than they should have asked bush the same question cause he had the same amount of time
Sorry peeps, obama hasn't been able to fix 8 years of shitty policy in 50(ish?) days. Wow, grow up and put your fucking pants on before you shout shit in public people.
Wall street thinks the Obama administration is a bunch of Bozo's and your retirements and stocks are almost gone and what is the Obama admin major focus-Rush Limbaugh? You libs better get this amateur under control, he is not my savior he is yours and you should be pissed. He is in the WH partying every weds night like its 1999 and you are out of work, being taxed beyond belief and will never prosper.
Apparently you weren't paying attention to the market before Obama got in office otherwise you would have known it had already crashed by much more before he came in.
The economic crisis is due to a lot of factors that is the fault of lenders and borrowers much more then it is the governments.
The majority of wealth in the stock market is owned by a monority of the people (super-rich). Though many "regular" people's 401k, mutual fund, and the like-type investments are negatively affected by stock market downturns it is important to understand that the stock market does not represent the financial well-being of the majority of the people. True value does not simply disappear. Wealth is not evaporating. Control is. It is time for regular people to take control of their own lives again.
i think its hilarious how the obama administration says they need spend billions (if not trillions) to free up credit when easy credit is what got us here. assholes.
ok, for the uneducated out there, THE STIMULUS IS NOT INTENDED TO GET US OUT DEBT, NO ONE CLAIMED THAT! Yes, it will increase the debt, but will create jobs, which pay salaries, which generate tax revenue, and gets the economy moving. its called the multiplier effect, do some research. GOP dogma that tax cuts increase gov't revenue is simply NOT TRUE. If it were true, how come the giant Bush/Cheney tax cuts didnt reduce Bushs deficits????
@mrydz WROTE 2 YRS AGO: "ok, for the uneducated out there, THE STIMULUS IS NOT INTENDED TO GET US OUT DEBT, NO ONE CLAIMED THAT! Yes, it will increase the debt, but will create jobs, which pay salaries, which generate tax revenue, and gets the economy moving. its called the multiplier effect, do some research".
HAHAHAHAHAHA!! How's that economy moving?
Obama 2009: "The stimulus will create thousands of shovel ready jobs".
Obama 2010: "There's no such thing as a shovel-ready job"
I have watched Bernstein speak on almost a daily basis for over 3-4 years on Larry Kudlow's show and he and Robert Reich are the biggest morons in the history of cable television. Are you telling me that Quentin Hardy is going to be Obamas main economics advisor in his second term? I didnt know that making the rounds on cable television can get you into the round table in a socialist regime
This administration contain nothing but empty suits. Bernstein is the worst of them all. He is the kid that got laughed at all through school and now he suddenly has power so he is going along with everything. All these people in power are the punks who want revenge for being bullied. They dont care about America people, they just want to be right for once. Remember Hitler? He was the same way.
Yes it does feel odd. But after reading Mark Steyn's "America Alone" I realised that it's inevitable.
When the public is weened on government welfare and social protection they lose their responsibilities for adulthood. They're not adults and therefore need to treated as children. They need to have the hands held and taught the most obvious lessons in life because they've been failed by their schools, government, and parents.
The world outside my apartment here is so child-like! It's like adults are really children in adult bodies - And there mother isn't around to discipline them
I never saw it saw bad in other countries: Germany, China, Italy, or Caribbean
Rockefeller & Wundt were genius in their development of the US Education system - By removing critical thinking people stopped questioning
The best book to cover the dismantling of Western education is "The Closing of the American Mind" by Professor Allan Bloom. He clearly identifies to philosophic divide from rationalism (classic liberalism) to irrationalism or antirationalism (post modern Liberals). Over the course of 250yrs irrationalism/antirationalism has eroded Western thought, undoing all we've accomplished since the Renaissance. It's simply amazing.
Cognitive Linguist, Lakoff, in his latest book, The Political Mind, does a great job showing how the human mind is NOT rational, (the 18th century model of the rational human mind is in fact wrong)
Part of the US ed program works by forcing students to memorize useless factoids
This is why, for example, Medicine in the USA is ranked 54th!
The stimulus is not to get us out of debt. The stimulus is to prevent the immediate collapse of the economy. Fixing the long term and structural problems of the economy will take more time.
Long term structural problems? How about corporations that have far too much power? How about declining labor wages? How about reliance on regressive taxes in an economy where the lower classes are already getting squeezed from every direction?
This comment has received too many negative votesshow
Spend Bill = 9.7 Trillion!
That includes 57 million for the marshy field mouse of S California!
The mice will be much better off than the Californians; & preferential wages for illegals (75% of new births in TX are illegals)!
(NYC refuses to prosecute over 100 Wall Street executives who used the corporate credit cards for prostitution - In one case $40K, and in another $27,000)
Thank god my money is in a foreign currency! The worse America performs, the more money I make!
The privately owned FED Reserve bank seduced other bankers to hand out free money for bad ideas
Consider that over one Quadrillion dollars of fake derivatives flowed back and forth between banks & borrowers - All sponsored by the privately owned FED Reserve Bank
The FED caused 3 depressions in the 30s, (google how their flood & retraction of currency correlates precisely with Corp failure & unemployment)
Your right and this administration isn't there to fix the problem it's there to make it worse and to respond to our outrage by destroying what America is all about.
The FED is doing its best to make that hard to do:
Veterans Disarmament Act is now Law
Congress knows that bloodshed is inevitable in America given the outstanding debt & rapid collapse of the US Dollar. They also know Veterans will likely be the first to stand up against Gov tyranny through guerrilla Warfare.
Basically, Veterans names are now being put into the Brady Instant Check Data Base to block Veterans from being allowed to own or carry guns of any type
People are fucking stupid. Occam's Razor DOESN'T mean that the simplest explanation is usually correct. Occam's Razor "states that the explanation of any phenomenon should make as few assumptions as possible, eliminating those that make no difference in the observable predictions of the explanatory hypothesis or theory." If you don't believe me look it up.
Well he got "the simplest explanation is usually correct." version from the movie Contact (cool movie). I doubt he would even know of Occam's Razor if it weren't for that movie.
You are correct animeownage86, he took his explanation for Occam's Razor straight from the movie "Contact" and, ironically the man he is working for Joe Biden is a proven plagiarist who plagiarized papers in college and even ripped off a politicians speech for his own while running for President in 1987. This entire administration contains infantiles who are living in the past trying to figure out why everyone made fun of them growing up. Bernstein is the kid that said "One day you'll see.."
Occam's razor tells me you know nothing about plagiarism, because if you did, you would know that in mentioning the name of the principle, he properly attributed it. Try not being a dip shit for once.
Investing in infrastructure makes us more productive. Keeping the economy alive, in particular, keeping market participants alive, will speed up growth once the economy recovers. The government spends when participants are saving, the government should save when participants are spending. That stabilizes the economy. Really, you should study Keynesian economics.
Yeah building a train to transport rich Socal people to Vegas when they already drive there themselves. That is really investing in infrastructure. That Pelozi wetland for swamp rats is really great infrastructure to stave off a depression. If McCain had been President he would have made them take that crap out. Now we cant even afford to have the best Air Force on Earth. This country is done because of Democrats. Carter, Clinton, Obama and this gay ass Congress that we have.
You hear it in the republican echo chamber and you think it's true. There is no high speed rail to Vegas. There is no provision for swamp rats. This is shit the republicans just MADE UP.
Well, in actuality , the truth is stranger than fiction because the actual rail project that the 8 billion dollars is EARMARKED for, would cost "at least 12 billion" and is NOT shovel ready. "The money does not have a project attached to it" So therefore its stuck in some alternate universe eroding away by inflation , or rather, hyperinflation that we are going to have by 2012, (Beware December 21st, 2012) Mass riots, rising utility taxes, oil , and commodity prices along with Obama's Budget!
Desist the chicanery. Fact: Rahm Emanual, with Obama's approval, increased the original appropriation for "rail" money from approximately $1.5 billion to $8 billion. Fact: $8 billion IS in the plan for rail money to be spent---and the Sin Express is one possible candidate for the money. Not coincidentally, a lobby group out of CHICAGO!! is pushing a high-speed rail network in the Midwest. No coincidence that Obama, Emanual, Durbin, and Lahood are all from Illinois. Made up?
It doesn't matter what the exact figures are...Obama exulted today about how the crisis was a "Great Opportunity"! An "opportunity" for whom? Only a Marxist would blow a load over the collapse of the markets & claim it an "opportunity."
Conservatives will always find something wrong with what he says. There are some changes that people are unwilling to make until there is a crisis. Suddenly there is great risk in doing NOTHING about our problems. Republicans skated along for years doing NOTHING about our problems. See what that got us.
"SUDDENLY (emphasis added) there is great risk in doing NOTHING about our problems?" The "suddenly" can simply be traced to the internal mantra drivng the Obama cabal: Don't let a good crisis go to waste. To be certain, it is much easier to foist on an otherwise unwilling public the mechanisms of socialism when they are scared and being systematically scared with aforethought. I observe that it will be gratifying to see the backlash when the system collapses a la Altas Shrugged.
I'd be doing backflips if the Kenyan Magician had actually wanted to spend a $ Trillion greenbacks on a high speed rail for America. Undoubtedly there would be much graft, cost overruns & delays, but at LEAST there would be some payback at the end of the line.
As it now stands, Ho'Bama is simply flushing the first Trillion down the toilet to break the back of the economy & cripple the middle class. That way he can prove America "needs" his help.
Atlas Shrugged is masturbatory material for spoiled kids. They expect the government to be socialist enough to protect their cheap lives and property. For "free".
High speed rail is in common use throughout most of the civilized world. It's only in the US that people prefer to drive their huge SUVs and Pickups. These high speed rails are between metropolitan areas, not between amusement parks. It will provide a very competitive alternative to airplanes. I've seen the maps of the proposed rail system, and yes, Chicago is included.
8B for High Speed Rail is not what most people consider to be "precious little". I understand Republicans dislike anything that would raise labor above the poverty level like unemployment and healthcare. Clearly we need a better solution but all republicans have to offer is apathy.
Of course, Republicans hate people. Good point. Nice to see that certain astute bloggers realize how much a subtle straw man argument elevates their debate & overall sense of rectitude.
I am disappointed, but not surprised, that you failed to acknowledge that your post which instigated my response was factually incorrect. Was it your intention to mislead, or did you simply fail to do a modicum of research before you assailed wholesale the unnamed "Republicans?" Addressing the virtues of rail of any sort does not speak to the salient point of your post. Your technique is akin to the Wizard of Oz tact being employed by Obama and his cabal.
I have never seen a group of people more likely to fall to personal insults and gross & demeaning generalizations of their opponents than today's modern "liberals." What is more sickening is how they claim the moral high ground at the same time. "Republicans don't care about the poor," etc etc etc
The fact is that anyone who TRULY "cared" for the poor would study history & economic systems He'd quickly see how socialism is the greatest torturer, enslaver & murderer of mankind ever created.
You employ generosity with your presumption that the modern statist is concerned with anyting other than exerting power over those--the proletariat--who are naive enough to believe in free will, let alone the plausbility of a creative deity. Followers of a man--Darwin--who espoused directed evolution among mankind cannot be trusted to espouse any economic or social order. If Obama fails to change his policies over the coming months, my view of a collapse will materialize.
Nicely stated, Cie. I am amazed at how inevitably Leftists head towards disaster. Reminds me of a one-legged Humpty-Dumpty making a beeline for a stack of banana peels.
What amazes me is all these imbeciles are actually foaming at the mouth to see Wall Street destroyed. They are an army of Obamatons that have been convinced that Economics, Energy, and even Humans are a deplorable curse to the planet. Hilarious! It's like some ancient cult that believed the highest expression of worship was self-immolation,
Hahahaha. A conservative goose-stepper calling those who haven't drunk the neocon cool aid a cult! Bushco. drove this nation into the ditch and robbed the US treasury right under your noses, and you still worship that simplistic "conservative" nonsense. I'll take my chances with ANYONE in the White House but the mouth-breathers who left our nation in ruins. We have seen the ugly face of fascism under Bush, and it does not suit, nor does it serve our democracy well.
I can tell how long you think about your responses because they are generally incoherent. Maybe stick with one thought and develop it?
In any event, may I recommend Bruce Bueno de Mesquite if you are interested in political science, in particular your views regarding the motives of ruling coalitions?
Excuse me sir? I am 31 and you are 52. You are a self proclaimed athiest , and liberal. You know you want to line up Americans in a firing squad you crazed nut. Your cause will lose even if I have to form the American Republican Army throughout Central America, Canada and Europe.
I know that Bernstein did plagiarize his quote and that Biden is a serial plagiarist who has an empty brain and even admited that he is just along for the ride.
Wow, that is some accusation. I thought I had heard them all but yours is the worst thus far. Plagiarism is not copying someone else's quotes. It is copying quotes without proper attribution. Occam's Razor is a well known rhetorical device. Just because you don't know more about it don't assume that Sagan coined the term. It's been around for a LONG time.
Of course the immediate response to the 'Stimulus Package' by the financial markets is going to be negative. Who would expect otherwise? Markets exists to prop up prices and increase profits.
It's the LIE that these corporate profits were ever put back into the economy that drove us into worldwide DEPRESSION!
jim cramer is a disgrace to CNBC, watch fast money. It will actually teach you a lot about the market.
Also, the stimulus package is going to help states pay there entitlement program stuff(S.S., unemployment, etc...) which for every dollar the government spends it creates 1.73$ worth of stimulus.
so just wait for fourth quarter GDP, and next year GDP it will be very good.
Didn't Cramer miss the folding of Bear Sterns and lose all his clients/viewers skads of money? ... Why does he still have a show? Who the fuck is he to criticize anybody at this juncture? You notice it's all the people who fucked up the absolute most that are screaming the loudest right about now and almost none of what they're screaming is productive or useful at all.
That's my entire point. I mean these people's mistakes are terrible and have been disastrous for the country but the very least they can do is just shut the hell up about what they think.
wasn't Cramer the one freaking out after the market started going south, looking all depressed and talking about 'you need to take your retirement money out market' ( watch?v=be74I42NAQQ ) and 'this is the worst I have seen'. Seems like he has gotten a little base back in his voice.
Who really believes that the WH is not paying attention to the market? For the first time in my life, even I am paying attention to the market....it's crazy!
What did u like about him that's changed? What exactly were u expecting him to do?
I love Obama as much as the next person, but i don't expect to agree with him on everything. That's reality.
He's only been president for one month ( i know, feels like he's been doing this forever!) He also inherited a country in all sorts of trouble. Give the man a chance to get some things done. Would you wanna be him right now?
C'mon dude, old boy's been in office for 1 month. Hang in there, because its not going to be smooth, and some horrible shit WILL CERTAINLY come out of the woodwork.
Would you rather have McCain and Palin's brain trust running the show? The worst case there was MC passing on early in his term and leaving the presidency to be filled by a person with a shitty academic record and a vague understanding of gov't,. the constitution, geography, and world events.
I know a website that offers a secret code that produces 90% success ratio on gold trading. Go check them out, just google Gold Trading Academy and make as much money as you want.
THERollyboy123able 3 months ago
What they are really attacking is capitalism and spending the wealth it once created.
ENCOMAN 1 year ago
shovel ready projects never existed!!!
PatricksTime 1 year ago
Jared Bernstein ....
Hey newsflash, you havent done shit and it's a whole year later !
What gives man?
The only shovel ready project I can see is on the whitehouse lawn from Sasha and Melia's doggie !
electroman076 1 year ago
Wow, Economist for Joe Biden? That's a brave man, willing to admit that in public and put his face on TV! LOL
MatthewPA1972 2 years ago
slow news night, or way to much mj
noquitter702 2 years ago
I was beginning to wonder how long people were going to accept the excuse, "it's Bush's fault". President Obama is tanking the economy worse and worse everyday. Gas prices are jumping up. Where the daily stories blaming the White House and Democrats for this?
CommonSenseJoe 2 years ago
aww fuck YouTube has hit another timewarp
Joe402 2 years ago
aww**** YouTube has hit another timewarp...again
tzimtzum1618 2 years ago
DON'T FUCK WITH ME!
watch?v=TsNZSzwPxU0
ozne64 2 years ago
I'm so glad I don't have cable.
ozziindaus 2 years ago
Yeah. You're a fruad.
What the hell is that?
kidtwist 2 years ago
Your a fruad Cramer and God have mercy on you. You are just back peddaling trying not ot loe your job.
airborne4325 2 years ago
Love the video! haha very interesting I might add. That's cool that you actually took the time to make this video! haha
chick7489 2 years ago
Bernstein, a stunning idiot. HOW LONG does it make sense to blame the plunge on Bush? Better yet, why not blame it on Limbaugh, as Doltbama's plan seems to be now?!!
ConservativeAnthem 2 years ago
The Veep's economist needs a shovel for the sh** he is mongering. The problem was certainly a pre-existing matter. But the market's response in the last month has everything to do with the nature of the Hope and Change--socialism--the markets unmistakably perceive. Cramer, Santelli, Limbaugh are not leaders of a cabal. If the White House doesn't like the market's response, they should shut down the market and remove the private sector component a la Lenin/Stalin--pricks!
ciejoh 2 years ago
Cramer is the biggest joke since Ms Cleo
Sinistertino 2 years ago
OBAME SAYS LET THEM EAT CAKE!
1776rep 2 years ago
You are wrong. He says 'Give me the cake and I will decide who gets to eat.' So much for the fervent denials made by the Obamapologists that his ties to Ayers, the Allinsky Brigade , and Rev. Wright were not signals of his socialist sympathies. Of course, we don't need to assume anything now. We have a six-week record of socialist actions taken by the Socialist-in-Chief Obama. Hell, even Chavez is getting lathered thinking that Obama is bring the U.S to the precipice of socialist utopianism.
ciejoh 2 years ago
Brilliance!!!! The economy is in the toilet...... lets put a huge tax on energy!!!!!! (Obama's cap and trade initiative to penalize cheap "dirty" energy)...... so now one of the few things that impacts everything (energy) is going to go up in cost..... so everything costs more!!!! GREAT PLAN!!!!! Oh yeah, we have 230 years supply of cheap coal here in the US where we get 60% of our electricity today at one of the lowest costs in the world....... lets take that advantage away from America!!!!!
jhawkinstx1 2 years ago
How can you expect the money markets to recover if everyday they are under attack by the Obama Bozos? The policies put into place will make it harder for the economy to recover and new business to grow, yet Obama is telling us to invest in the market. Please Oh by the way how much is your 401K worth today?
dkkght 2 years ago
Why is it that idiots are in charge. Credit market freeze? If you can't pay, you should not get credit!! Why is that hard to understand? His fix? More bailouts, no company is allowed to fail and more money to car companies and banks while the stock market dives. Better yet, lets keep yelling "crisis" and see what happens. Sign bills with earmarks and break your promise - yes, that is original Obama. Republican, democrat does not matter. Wrong is wrong and this is not leadership.
armyofonerd 2 years ago
Warren Buffett said he pays 17% of taxes and his secretary 30+%, so i don`t think rich people are going to be ``penalized``.
Plus...for those rich guys who have offshore bank accounts get ready to be taxed with that too.
Vladimir0538 2 years ago
2 things.....his secr doesn't read her 1040 instructions..... and WB is following the government's policies. The tax strctre is set up to provide punitive tax rates for high income people unless they invest in tax free municipal bonds (good for towns and cities) or invest their capital in businesses.... OH . lets change that...... lets raise his taxes so he loans less money (at low rates 2 towns) and pulls his money out of businesses that create jobs..... good plan Vladimir0538.
jhawkinstx1 2 years ago
And...How does he attack these problems?
If the answer is to support big gov't & industry central planners to use secretive policy and financial products to obfuscate the free market toward corruption.
I couldn't support his plan.
jibbi4one 2 years ago
Keep on shoveling that bullshit, Cramer.
saper321 2 years ago
was I asleep when we went from sound principles like "DON'T EVER CO-MINGLE THE BANKING SYSTEM AND WALL STREET" to all eggs in one basket, roll the dice, invent ways to destroy a people's general welfare..? I believe whenever a person that has been justly elected by the people when confronted with a question as how to decide what to do in any given case the first question that should be asked is Will my decision "promote the general welfare or will it do harm..?" untested waters is harm..
Dewdaahman 2 years ago
rescession started 2 months before bush left. obama is president for about 2 months... So if they start complaining about why obama haven't fixed it yet than they should have asked bush the same question cause he had the same amount of time
robinvan1983 2 years ago
Sorry peeps, obama hasn't been able to fix 8 years of shitty policy in 50(ish?) days. Wow, grow up and put your fucking pants on before you shout shit in public people.
awerner2007 2 years ago
Wall street thinks the Obama administration is a bunch of Bozo's and your retirements and stocks are almost gone and what is the Obama admin major focus-Rush Limbaugh? You libs better get this amateur under control, he is not my savior he is yours and you should be pissed. He is in the WH partying every weds night like its 1999 and you are out of work, being taxed beyond belief and will never prosper.
dkkght 2 years ago 4
"being taxed beyond belief"
uh-oh! looks like someone's been drinking the gop kool-aide. you must not have gotten the memo that 95% of americans got a tax cut by electing obama.
uforeader 2 years ago
I better get an amateur under control? LOL!
I don't belong to a party of obstructionists, led by a radio talk show host. So I'd say my leadership is pretty good by comparison.
Be honest, if not for Rush, could you even name a leader for the Republicans?
Maybe you should go look up the word "projection", in the psychological context..
mrbadguysan 2 years ago
Ockams razor, are you kidding me. Now the Obama administration is talking a philosophical few on a real problem.
Take some advise from Einstein:
"Theories should be as simple as possible, but no simpler."
SIr, I believes yous trying to dumbs down da problem for us ignant folk.
Get your ass to work and stop blaming Bush, it's getting real old and really, really repetitive.
makeinstall 2 years ago
here's an easy answer. Raise wages for the first time in 30 years. Fuck the stimulus money. Give us real money.
PersonalJesus348 2 years ago
Cramer is a moron.
Richardgwm 2 years ago
Wrong answer asshole, Obama ownes this 3000 pt drop.
Cheney and Bush are laughing their ass off right now. Hope you make it through. Go Obama!!!!!
dkkght 2 years ago
YAY!
even if he is fucking up who cares its obama so hip!
GO OBAMA!
mcdenyer 2 years ago
Apparently you weren't paying attention to the market before Obama got in office otherwise you would have known it had already crashed by much more before he came in.
The economic crisis is due to a lot of factors that is the fault of lenders and borrowers much more then it is the governments.
smpunditz 2 years ago
I wonder who hates Obama more, Fox News or CNBC?!
deanlowe 2 years ago
47% of the american population hates him more.
MeLikeGoFast 2 years ago
Ockams razor....if the banks are bankrupt...they are bankrupt...STOP pouring in good money after bad.
stratvic 2 years ago 2
Ockams razor...if you are in trouble because you lent too much money to people who could not afford it....STOP IT.
stratvic 2 years ago 2
GE should dump CNBC and Cramer.
TwoRials 2 years ago
The majority of wealth in the stock market is owned by a monority of the people (super-rich). Though many "regular" people's 401k, mutual fund, and the like-type investments are negatively affected by stock market downturns it is important to understand that the stock market does not represent the financial well-being of the majority of the people. True value does not simply disappear. Wealth is not evaporating. Control is. It is time for regular people to take control of their own lives again.
keptyeti 2 years ago
i think its hilarious how the obama administration says they need spend billions (if not trillions) to free up credit when easy credit is what got us here. assholes.
gangreneday 2 years ago
ok, for the uneducated out there, THE STIMULUS IS NOT INTENDED TO GET US OUT DEBT, NO ONE CLAIMED THAT! Yes, it will increase the debt, but will create jobs, which pay salaries, which generate tax revenue, and gets the economy moving. its called the multiplier effect, do some research. GOP dogma that tax cuts increase gov't revenue is simply NOT TRUE. If it were true, how come the giant Bush/Cheney tax cuts didnt reduce Bushs deficits????
mrydz 2 years ago
Sounds raional to me.
RobertDE1102 2 years ago
@mrydz WROTE 2 YRS AGO: "ok, for the uneducated out there, THE STIMULUS IS NOT INTENDED TO GET US OUT DEBT, NO ONE CLAIMED THAT! Yes, it will increase the debt, but will create jobs, which pay salaries, which generate tax revenue, and gets the economy moving. its called the multiplier effect, do some research".
HAHAHAHAHAHA!! How's that economy moving?
Obama 2009: "The stimulus will create thousands of shovel ready jobs".
Obama 2010: "There's no such thing as a shovel-ready job"
DUMBASS
2010GOP 7 months ago
Its like Obama picked all the brown-nosing rejects he could find.
tdforbust 2 years ago
I have watched Bernstein speak on almost a daily basis for over 3-4 years on Larry Kudlow's show and he and Robert Reich are the biggest morons in the history of cable television. Are you telling me that Quentin Hardy is going to be Obamas main economics advisor in his second term? I didnt know that making the rounds on cable television can get you into the round table in a socialist regime
tdforbust 2 years ago
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tdforbust 2 years ago
This administration contain nothing but empty suits. Bernstein is the worst of them all. He is the kid that got laughed at all through school and now he suddenly has power so he is going along with everything. All these people in power are the punks who want revenge for being bullied. They dont care about America people, they just want to be right for once. Remember Hitler? He was the same way.
tdforbust 2 years ago 2
Bernstein is a wrong. Dead wrong.
You don't get out of debt by spending. That's Occam's Razor.
thomaserossi 2 years ago
Thomas
Doesn't it feel "odd" that you are actually forced to tell that to people?
Since when does spending make debtors better off?
14 trill was original bill owed to privately owned FED Res Bank; now another 9.7 trill under TARP & other spending bills
Add to that 102 trill for SS & Medicare; and another 53 trillion long plundered from other trusts
Moreover, the FED gov, now 57% of the entire USA market, costs 3 trill a year
sugarpuddin88 2 years ago
Yes it does feel odd. But after reading Mark Steyn's "America Alone" I realised that it's inevitable.
When the public is weened on government welfare and social protection they lose their responsibilities for adulthood. They're not adults and therefore need to treated as children. They need to have the hands held and taught the most obvious lessons in life because they've been failed by their schools, government, and parents.
thomaserossi 2 years ago
America Alone - sounds very interesting!!
The world outside my apartment here is so child-like! It's like adults are really children in adult bodies - And there mother isn't around to discipline them
I never saw it saw bad in other countries: Germany, China, Italy, or Caribbean
Rockefeller & Wundt were genius in their development of the US Education system - By removing critical thinking people stopped questioning
So simply it's genius!
sugarpuddin88 2 years ago 2
The best book to cover the dismantling of Western education is "The Closing of the American Mind" by Professor Allan Bloom. He clearly identifies to philosophic divide from rationalism (classic liberalism) to irrationalism or antirationalism (post modern Liberals). Over the course of 250yrs irrationalism/antirationalism has eroded Western thought, undoing all we've accomplished since the Renaissance. It's simply amazing.
thomaserossi 2 years ago
thomas
I saved that one to my Amazon "wish list"
Cognitive Linguist, Lakoff, in his latest book, The Political Mind, does a great job showing how the human mind is NOT rational, (the 18th century model of the rational human mind is in fact wrong)
Part of the US ed program works by forcing students to memorize useless factoids
This is why, for example, Medicine in the USA is ranked 54th!
Not an education: But a social conditioning!
sugarpuddin88 2 years ago
The stimulus is not to get us out of debt. The stimulus is to prevent the immediate collapse of the economy. Fixing the long term and structural problems of the economy will take more time.
j0hnwi11iams 2 years ago
How? How is a 3.2 trillion dollar budget going to get us out of a debt when we don't make that much money? It won't. It's tooth fairy economics.
What long term structural problems are you talking about? Name them. I'll wait.
thomaserossi 2 years ago
Long term structural problems? How about corporations that have far too much power? How about declining labor wages? How about reliance on regressive taxes in an economy where the lower classes are already getting squeezed from every direction?
j0hnwi11iams 2 years ago
Face it people , there is no way Obama is going to be re-elected. Berstein, Obama, Gibbs, Bernanke, Geitner. They should have all been aborted.
tdforbust 2 years ago
Face it, your party is becoming more and more polarized and marginalized, thanks to idiots like you.
j0hnwi11iams 2 years ago
In a perfect world, Cramer would be making less than $250K for some of the stupid shit he's said over the years.
"Buy Bear Sterns" he said. One week before their collapse.
MidnightChimes 2 years ago
stop giving money to the banks, just give the American people making less than 150k per household 25k each, maybe more.
Then watch the economy boom!
marniespeaks 2 years ago 2
This comment has received too many negative votes show
Spend Bill = 9.7 Trillion!
That includes 57 million for the marshy field mouse of S California!
The mice will be much better off than the Californians; & preferential wages for illegals (75% of new births in TX are illegals)!
(NYC refuses to prosecute over 100 Wall Street executives who used the corporate credit cards for prostitution - In one case $40K, and in another $27,000)
Thank god my money is in a foreign currency! The worse America performs, the more money I make!
Go America Go!
sugarpuddin88 2 years ago
The privately owned FED Reserve bank seduced other bankers to hand out free money for bad ideas
Consider that over one Quadrillion dollars of fake derivatives flowed back and forth between banks & borrowers - All sponsored by the privately owned FED Reserve Bank
The FED caused 3 depressions in the 30s, (google how their flood & retraction of currency correlates precisely with Corp failure & unemployment)
The FED litterally fed & funded the crisis
sugarpuddin88 2 years ago
Your right and this administration isn't there to fix the problem it's there to make it worse and to respond to our outrage by destroying what America is all about.
animeownage86 2 years ago
please don't said over & over again what rush say
shaggylakky 2 years ago
anime
I really have to agree with you!
I think America had a good run for 100 years; but then after that, it was time a new generation to EARN freedom
Freedom is not free - And sometime between 1897 & 1913 liberty left America
Earning Freedom-Liberty is the responsibility of every generation - Thus, Americans have the government they now deserve!
sugarpuddin88 2 years ago
OF COURSE FREEDOM IS FREE !!!! WE ARE ALL BORN FREE!!!!
War, control and opression is not free. You have been brainwashed.
Tman222 2 years ago
Tman
I hear what you are saying - But I really feel that I can't agree with it
The world we are born into has predators & parasites - The designer of this world made it so that ONLY THE STRONG SURVIVE
sugarpuddin88 2 years ago
Well said.
1776 is the cure for 1984.
Keep your powder dry,
Live Free or Die!
thomaserossi 2 years ago
thomas
The FED is doing its best to make that hard to do:
Veterans Disarmament Act is now Law
Congress knows that bloodshed is inevitable in America given the outstanding debt & rapid collapse of the US Dollar. They also know Veterans will likely be the first to stand up against Gov tyranny through guerrilla Warfare.
Basically, Veterans names are now being put into the Brady Instant Check Data Base to block Veterans from being allowed to own or carry guns of any type
sugarpuddin88 2 years ago
Yep. But how many of us can they capture and incarcerate or kill before their elite core is damaged beyond repair.
thomaserossi 2 years ago
People are fucking stupid. Occam's Razor DOESN'T mean that the simplest explanation is usually correct. Occam's Razor "states that the explanation of any phenomenon should make as few assumptions as possible, eliminating those that make no difference in the observable predictions of the explanatory hypothesis or theory." If you don't believe me look it up.
fivecatsnamedfred 2 years ago
Well he got "the simplest explanation is usually correct." version from the movie Contact (cool movie). I doubt he would even know of Occam's Razor if it weren't for that movie.
animeownage86 2 years ago
You're only speaking for yourself, i doubt you've read more about philosophy than he has.
gcalvanetten 2 years ago
You are correct animeownage86, he took his explanation for Occam's Razor straight from the movie "Contact" and, ironically the man he is working for Joe Biden is a proven plagiarist who plagiarized papers in college and even ripped off a politicians speech for his own while running for President in 1987. This entire administration contains infantiles who are living in the past trying to figure out why everyone made fun of them growing up. Bernstein is the kid that said "One day you'll see.."
tdforbust 2 years ago 2
Occam's razor tells me you know nothing about plagiarism, because if you did, you would know that in mentioning the name of the principle, he properly attributed it. Try not being a dip shit for once.
j0hnwi11iams 2 years ago
Explain how spending gets us out of debt. Explain, in no uncertain terms, how spending more money then we make is good for growth.
You should follow your own advice.
thomaserossi 2 years ago
Investing in infrastructure makes us more productive. Keeping the economy alive, in particular, keeping market participants alive, will speed up growth once the economy recovers. The government spends when participants are saving, the government should save when participants are spending. That stabilizes the economy. Really, you should study Keynesian economics.
j0hnwi11iams 2 years ago
Yeah building a train to transport rich Socal people to Vegas when they already drive there themselves. That is really investing in infrastructure. That Pelozi wetland for swamp rats is really great infrastructure to stave off a depression. If McCain had been President he would have made them take that crap out. Now we cant even afford to have the best Air Force on Earth. This country is done because of Democrats. Carter, Clinton, Obama and this gay ass Congress that we have.
tdforbust 2 years ago
Man, you are seriously brainwashed. You are even spouting the same bullshit the Jindal clown says.
lamouchemorte 2 years ago
You hear it in the republican echo chamber and you think it's true. There is no high speed rail to Vegas. There is no provision for swamp rats. This is shit the republicans just MADE UP.
j0hnwi11iams 2 years ago
Well, in actuality , the truth is stranger than fiction because the actual rail project that the 8 billion dollars is EARMARKED for, would cost "at least 12 billion" and is NOT shovel ready. "The money does not have a project attached to it" So therefore its stuck in some alternate universe eroding away by inflation , or rather, hyperinflation that we are going to have by 2012, (Beware December 21st, 2012) Mass riots, rising utility taxes, oil , and commodity prices along with Obama's Budget!
tdforbust 2 years ago
Oh I am well aware that the truth and the republican party are strangers.
j0hnwi11iams 2 years ago
j0hnwi11iams,
Desist the chicanery. Fact: Rahm Emanual, with Obama's approval, increased the original appropriation for "rail" money from approximately $1.5 billion to $8 billion. Fact: $8 billion IS in the plan for rail money to be spent---and the Sin Express is one possible candidate for the money. Not coincidentally, a lobby group out of CHICAGO!! is pushing a high-speed rail network in the Midwest. No coincidence that Obama, Emanual, Durbin, and Lahood are all from Illinois. Made up?
ciejoh 2 years ago
It doesn't matter what the exact figures are...Obama exulted today about how the crisis was a "Great Opportunity"! An "opportunity" for whom? Only a Marxist would blow a load over the collapse of the markets & claim it an "opportunity."
ConservativeAnthem 2 years ago
Conservatives will always find something wrong with what he says. There are some changes that people are unwilling to make until there is a crisis. Suddenly there is great risk in doing NOTHING about our problems. Republicans skated along for years doing NOTHING about our problems. See what that got us.
j0hnwi11iams 2 years ago
So there is no danger in doing the wrong thing, just nothing? Certainly even a wild Lib could see the problem with that logical construction.
ConservativeAnthem 2 years ago
j0hnwi11iams,
"SUDDENLY (emphasis added) there is great risk in doing NOTHING about our problems?" The "suddenly" can simply be traced to the internal mantra drivng the Obama cabal: Don't let a good crisis go to waste. To be certain, it is much easier to foist on an otherwise unwilling public the mechanisms of socialism when they are scared and being systematically scared with aforethought. I observe that it will be gratifying to see the backlash when the system collapses a la Altas Shrugged.
ciejoh 2 years ago
I'd be doing backflips if the Kenyan Magician had actually wanted to spend a $ Trillion greenbacks on a high speed rail for America. Undoubtedly there would be much graft, cost overruns & delays, but at LEAST there would be some payback at the end of the line.
As it now stands, Ho'Bama is simply flushing the first Trillion down the toilet to break the back of the economy & cripple the middle class. That way he can prove America "needs" his help.
He is just a Fabian Socialist: ie incrementalism
ConservativeAnthem 2 years ago
Atlas Shrugged is masturbatory material for spoiled kids. They expect the government to be socialist enough to protect their cheap lives and property. For "free".
j0hnwi11iams 2 years ago
High speed rail is in common use throughout most of the civilized world. It's only in the US that people prefer to drive their huge SUVs and Pickups. These high speed rails are between metropolitan areas, not between amusement parks. It will provide a very competitive alternative to airplanes. I've seen the maps of the proposed rail system, and yes, Chicago is included.
j0hnwi11iams 2 years ago
I'm all for high speed rail. Too bad the POTUS is not. If you study the bill, there is precious little infrastructure like that in it.
ConservativeAnthem 2 years ago
8B for High Speed Rail is not what most people consider to be "precious little". I understand Republicans dislike anything that would raise labor above the poverty level like unemployment and healthcare. Clearly we need a better solution but all republicans have to offer is apathy.
j0hnwi11iams 2 years ago
Of course, Republicans hate people. Good point. Nice to see that certain astute bloggers realize how much a subtle straw man argument elevates their debate & overall sense of rectitude.
ConservativeAnthem 2 years ago
j0hnwi11iams,
I am disappointed, but not surprised, that you failed to acknowledge that your post which instigated my response was factually incorrect. Was it your intention to mislead, or did you simply fail to do a modicum of research before you assailed wholesale the unnamed "Republicans?" Addressing the virtues of rail of any sort does not speak to the salient point of your post. Your technique is akin to the Wizard of Oz tact being employed by Obama and his cabal.
ciejoh 2 years ago
I have never seen a group of people more likely to fall to personal insults and gross & demeaning generalizations of their opponents than today's modern "liberals." What is more sickening is how they claim the moral high ground at the same time. "Republicans don't care about the poor," etc etc etc
The fact is that anyone who TRULY "cared" for the poor would study history & economic systems He'd quickly see how socialism is the greatest torturer, enslaver & murderer of mankind ever created.
ConservativeAnthem 2 years ago
ConservativeAnthem,
You employ generosity with your presumption that the modern statist is concerned with anyting other than exerting power over those--the proletariat--who are naive enough to believe in free will, let alone the plausbility of a creative deity. Followers of a man--Darwin--who espoused directed evolution among mankind cannot be trusted to espouse any economic or social order. If Obama fails to change his policies over the coming months, my view of a collapse will materialize.
ciejoh 2 years ago
Nicely stated, Cie. I am amazed at how inevitably Leftists head towards disaster. Reminds me of a one-legged Humpty-Dumpty making a beeline for a stack of banana peels.
ConservativeAnthem 2 years ago
What amazes me is all these imbeciles are actually foaming at the mouth to see Wall Street destroyed. They are an army of Obamatons that have been convinced that Economics, Energy, and even Humans are a deplorable curse to the planet. Hilarious! It's like some ancient cult that believed the highest expression of worship was self-immolation,
ConservativeAnthem 2 years ago
Hahahaha. A conservative goose-stepper calling those who haven't drunk the neocon cool aid a cult! Bushco. drove this nation into the ditch and robbed the US treasury right under your noses, and you still worship that simplistic "conservative" nonsense. I'll take my chances with ANYONE in the White House but the mouth-breathers who left our nation in ruins. We have seen the ugly face of fascism under Bush, and it does not suit, nor does it serve our democracy well.
lariokie60 2 years ago
I can tell how long you think about your responses because they are generally incoherent. Maybe stick with one thought and develop it?
In any event, may I recommend Bruce Bueno de Mesquite if you are interested in political science, in particular your views regarding the motives of ruling coalitions?
j0hnwi11iams 2 years ago
What are you talking about? If there was something I said that was factually incorrect, cough it up.
j0hnwi11iams 2 years ago
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tdforbust 2 years ago
Excuse me sir? I am 31 and you are 52. You are a self proclaimed athiest , and liberal. You know you want to line up Americans in a firing squad you crazed nut. Your cause will lose even if I have to form the American Republican Army throughout Central America, Canada and Europe.
I know that Bernstein did plagiarize his quote and that Biden is a serial plagiarist who has an empty brain and even admited that he is just along for the ride.
tdforbust 2 years ago
Wow, that is some accusation. I thought I had heard them all but yours is the worst thus far. Plagiarism is not copying someone else's quotes. It is copying quotes without proper attribution. Occam's Razor is a well known rhetorical device. Just because you don't know more about it don't assume that Sagan coined the term. It's been around for a LONG time.
j0hnwi11iams 2 years ago
Cramer? Cramer is a talk show host.
He touts his own investment fund.
This isn't the opinion of an objective economist.
You either buy him or not, literally.
Of course the immediate response to the 'Stimulus Package' by the financial markets is going to be negative. Who would expect otherwise? Markets exists to prop up prices and increase profits.
It's the LIE that these corporate profits were ever put back into the economy that drove us into worldwide DEPRESSION!
dogstar7 2 years ago 4
well said, dogstar
phillydawg 2 years ago
occams razor = let the free market be!!
sexdrugsRnR 2 years ago
I wanna know why Obama is giving Gaza $900 Million Dollars!!
IIIJHUSSLEIII 2 years ago
Because he can..
So,,,, Where are you going to spend that extra $9 a week?
Welfare is looking pretty sweet right about now.. lol
vdubs4life1964 2 years ago
jim cramer is a disgrace to CNBC, watch fast money. It will actually teach you a lot about the market.
Also, the stimulus package is going to help states pay there entitlement program stuff(S.S., unemployment, etc...) which for every dollar the government spends it creates 1.73$ worth of stimulus.
so just wait for fourth quarter GDP, and next year GDP it will be very good.
hockey2333 2 years ago 5
Didn't Cramer miss the folding of Bear Sterns and lose all his clients/viewers skads of money? ... Why does he still have a show? Who the fuck is he to criticize anybody at this juncture? You notice it's all the people who fucked up the absolute most that are screaming the loudest right about now and almost none of what they're screaming is productive or useful at all.
SquallCloud 2 years ago 8
People make mistakes, even the best, but Cramer is too vocal for his own good.
messiahiar 2 years ago 3
That's my entire point. I mean these people's mistakes are terrible and have been disastrous for the country but the very least they can do is just shut the hell up about what they think.
SquallCloud 2 years ago
wasn't Cramer the one freaking out after the market started going south, looking all depressed and talking about 'you need to take your retirement money out market' ( watch?v=be74I42NAQQ ) and 'this is the worst I have seen'. Seems like he has gotten a little base back in his voice.
totobaya 2 years ago
i have no clue what theyre talking aboot.
ironchopsticks 2 years ago
This comment has received too many negative votes show
Obama is failure at its pinnacle.
LOOK OUT BELOW, WE'RE FALLING DOWN
TedinLasVegas 2 years ago
It's not a tax hike, nor is it a punishment. It's a return to the pre-Bush tax rate.
wayne388 2 years ago 9
Sometimes the simplest answer is that the problem is complex.
neotoy 2 years ago 3
did a nun just walk in the back of that video! Man, times have changed at the white house, the 8 year fraternity party is over
darkally 2 years ago
Who really believes that the WH is not paying attention to the market? For the first time in my life, even I am paying attention to the market....it's crazy!
ver506 2 years ago 2
This comment has received too many negative votes show
This is unrelated to the video but... I used to really like Obama... but now.. man... I'm not so sure.... =/
CliveSinclairZX 2 years ago
who cares
Superplatanoman 2 years ago 5
What did u like about him that's changed? What exactly were u expecting him to do?
I love Obama as much as the next person, but i don't expect to agree with him on everything. That's reality.
He's only been president for one month ( i know, feels like he's been doing this forever!) He also inherited a country in all sorts of trouble. Give the man a chance to get some things done. Would you wanna be him right now?
ver506 2 years ago 3
C'mon dude, old boy's been in office for 1 month. Hang in there, because its not going to be smooth, and some horrible shit WILL CERTAINLY come out of the woodwork.
Would you rather have McCain and Palin's brain trust running the show? The worst case there was MC passing on early in his term and leaving the presidency to be filled by a person with a shitty academic record and a vague understanding of gov't,. the constitution, geography, and world events.
she had tits, that was it.
Bunnicula71 2 years ago 5
Please refrain from making any connections between Obama and the Constitution, because there is not a connection.
You are correct one one thing.. Palin is one dumb .....
vdubs4life1964 2 years ago