Jim Cramer and Pete Morici: Why the Stimulus and Obama's new mortgage plan wont work

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Uploaded by on Feb 24, 2009

12-23-2009 - Jim Cramer and Pete Morici explain why the stimulus plan wont create many jobs and why Obama's Mortgage Plan takes the wrong apporach and wont help the housing market.

Essentially Rick Santelli is right that the plan needs to help all Americans not just constituent groups who got subprimes or borrowers who got caught while trying to "flip" houses.

Jim Cramer is one of the people who was talking about this crisis pretty far in advance.

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News & Politics

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Top Comments

  • chris matthews is the biggest joke of journalism, ever.

  • Jim calls it the way it is. The fact is, Obama and company are playing a shell game with our nation's wealth. Geitner is a disaster and wants nothing more than to push Obama's social agenda. The country cannot survive Obama's social agenda without funding for infrastructure. The situation is a disaster. Anyone who disagrees with Cramer should wean themselves off the Obama Kool-aid, or watch what's left of their investments disappear.

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All Comments (15)

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  • Sit at home and make more money in 15 minutes than most make in a week. Come visit my website, just google Gold Trading Academy to learn more.

  • "The stimulus only stimulated Chris Matthews' leg." ---Congress of Racial Equality National Spokesman Niger Innis to Sean Hannity, Aug. 18, 2011

  • Learn to make a point without swearing etc and you can post.

  • VAR1UM here... Not only did you delete my previous comments, but you put in your last 2 cents replying to my comment you erased! And then you censored and banned me... wow. Way to keep the free speech alive!!!

  • He was talking for the long term when in regards to staying in. Why? Because in the history of the market there has NEVER been a 25 year period where if you invested your money in a diverse way 25 years later you would have came out behind. So the market has always proven to be a good long term investment. You werent banned for being stupid, you were banned for being stupid and name calling. So guess what....

  • The vid is on youtube........ pinhead.

  • your a delusional idiot TalkerOne.

  • @VAR1UM - Hey there Ace.... Jim Cramer told people to get out of the market a few months before it crashed.

  • morici is sick! wants citi bank go bust and while he also says many blue color retail bankers at will lose jobs, america needs more jobs than lose 1 job.

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