GOVEROTRAGEOUS: Cramer (a leftist) points out how O doesn’t get it!

Wednesday, March 11, 2009

http://www.mainstreet.com/article/moneyinvesting/news/cramer-takes-white-house-frank-rich-and-jon-stewart?page=6

Posted March 09, 2009
Cramer Takes on the White House, Frank Rich and Jon Stewart
By Jim Cramer

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Suddenly, bloggers, opinion people, columnists and, yes, pundits who haven’t paid attention to anything I have been saying or writing for the past 18 months are all over me. Suddenly, I find myself in the center of a firestorm over Obama’s economic policies, taking enfilading fire from the “liberal” media (from serious columnist Frank Rich to entertainer Jon Stewart) while being defended by Rush Limbaugh, the standard-bearer for the Republicans.

*** and ***

The answer lies in the way the two administrations handled criticism.

The Bush administration, I believed, simply chose to ignore my warnings, perhaps because of a brutal combination of ideology, fecklessness and complacency.

*** and ***

President Obama’s team, unlike Bush’s team, demonstrates a thinness of skin that shocks me. When I somewhat obviously and empirically judged that the populist Obama administration is exacerbating the crisis with its budget and policies, as evidenced by the incredible decline in the averages since his inauguration, I was met immediately with condescension and ridicule rather than constructive debate or even just benign dismissal.

*** and ***

The markets thought he could stop it; hence the giant relief rally when he was elected. But in fewer than 50 days of his ascendancy, the markets’ hopes were totally dashed and the averages are now forecasting the worst decline since the Great Depression. As someone who listens to what the averages are screaming, I think they are accurately predicting the future.

I welcome any serious exchange with the administration on the issues that are not beyond my ken: fixing house price depreciation, stopping the destruction of wealth as demonstrated by the stock market’s plunge, and solving the banking crisis before we nationalize every bank.

*** and ***

It’s time to get serious. It’s time to take the issue from the pundits and from the left and right, and put it where it belongs: serious non-ideological debate to put out the real firestorm, the collapse of the economy from Wall Street to Main Street and the ensuing Great Wealth Destruction for all.

But if it stays ad hominem, we will all be betrayed and the train wreck will become inevitable.

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The inept politicians from both sides of the aisle have destroyed the investments of most people. And, all we get from them is “spend more” and “borrow more”.

STOP!

You’re putting future generations in a hole they will never get out of.

Let the failures go bankrupt. Tough medicine.

We are training future generations NOT to invest.

I’ve had two conversations that are noteworthy.

A young woman has pulled out of her 401k because the losses have eaten into her employer’s contribution and hers. A doctor is moving from equities to bonds and his “financial advisor” at the brokerage house thought it was a good idea (i.e., he gets a commission on trades; not results).

The Market’s P/E ratio is either in or going into the single digits. (Last time that happened the market doubled in a year!) The “natural recovery” from a downturn has already begun. See the uptick in home sales as the “affordability” measure is it’s lowest in decades.

Note to O: (1) Reinstate the uptick rule. (2) Aim the corporate beggars to the bankruptcy courts. (3) Grab your various regulators and ask them to resign. (4) Eliminate Federal guarantees of ARMs, Interest only, and any mortgage that’s not 20% down 30 year fixed “conforming”. (4) Tell the FBI anf your Federal Prosecutors you want some FRAUD convictions for all the bad paper. (5) Tell the SBA that you want a plan to stimulate small business by the end of the day.

Cut the spending, cut the debt, cut the waste.

Argh!

Like that’s ever going to happen!

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JOBFINDING: Sergeant Schultz CEO/SVP of Sales Marketing

Wednesday, March 11, 2009

In the spirit of Sergeant Schultz as played by John Banner “I hear nothing, I see nothing, I know nothing!” “I know nothing, nothing! Nuthing at all.” I really have nothing to add!

FROM A FELLOW ALUMNI

CEO/SVP of Sales & Marketing for an exciting Clean Tech Co that has created three ground-breaking, highly successful and established certified products that increase the efficiency and profitability of diesel fuel, biodiesel and residual fuel while significantly reducing pollution. Company has just created and is about to launch another revolutionary product that reduces emissions by 80% for the 200M+ gasoline powered 2stroke engine market in Asia. Board will only hire someone who is very entrepreneurial and passionate with a burning hunger for success; someone with a vision. wants a new leader with new ideas and strong opinions, fast paced, ever-changing start up environment. Board will only hire someone with a proven track record in international technical sales related to the fuel industry.Must have a proven track record in international technical sales related to the fuel industry. Need someone experienced at creating and executing a strategic sales and marketing plan. Need someone who will make sure the revenue targets are met and/or exceeded. This is an excellent opportunity to grow a company into a $100M business within a couple of years while making a lot of money and owning a significant stake in the company. Board is willing and able to put together the right package for the right candidate. Candidates can be located any where in the United States. Frequent domestic and international travel required. Must have someone with recent and significant experience managing an individual and/or team quota selling fuel and/or fuel additives to oil companies, terminal operators and municipalities OR to ocean-going vessels, electrical power generation plants and refineries. http://www.matchstar.com . Carolyne P. Connor, Founder & President

MATCHSTAR VENTURE SEARCH, 1395 Piccard Drive, Rockville, MD 20850 415.520.4600 connor@ matchstar.com

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GUNS: Bloomberg / Giuliani lawsuit against the gun makers is dead

Wednesday, March 11, 2009

http://www.nssf.org/news/PR_idx.cfm?PRloc=share/PR/&PR=030909.cfm&CFID=4519837&CFTOKEN=fe9c4448caff2156-ED71BF5B-E0F5-447F-270A1BCEF9C14F74&jsessionid=f030d68a7ae3454a101d523023113a35c317

Supreme Court Closes The Book on
New York City’s Lawsuit Against Gun Makers

Court Also Rejects DC/Lawson Case

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NEWTOWN, Conn. — Putting an end to nine years of litigation, the U.S. Supreme Court refused to hear New York City’s request to continue a lawsuit that sought to hold firearms manufacturers responsible for the criminal misuse of firearms.

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Common sense. Don’t blame the tool or the tool maker!

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