Mar 5, 2009

My Response to Jim Cramer’s Response to the White House

Jim Cramer, commentator for TheStreet.com and host of Mad Money With Jim Cramer, wrote an article today in response to the White House’s scathing rebuke.

He had some very good points and it’s worth every minute of the read.  I do have a response to Cramer’s response and I think Cramer is a little misguided in his hopes for what Obama will or won’t do.

Obama doesn't want people to be rich and wealthy because then why would they be dependent on the government? Without government dependence, the government's role will decline and power will shrink. Washington has every incentive to not allow this to happen.  Obama is dead set on ruining the US economy in whatever fashion he can to increase the dependent roles of this country to the point that only through political power will one be wealthy.

Look at the major banks that have been "bailed-out"- they all have contributed large sums of money to politicians and many have participated in the revolving door in Washington by now working in high positions of the government.

The best thing for main street would be to reinvent the government to which they are slaves to. As Thomas Jefferson has said, “Whenever any form of government becomes destructive of these ends life, liberty, and the pursuit of happiness it is the right of the people to alter or abolish it, and to institute new government...”

3 comments:

Nick said...

I guess I'm not the only one... today Charles Krauthammer at Real Clear Politics penned this article, "Deception at Core of Obama Plans": http://www.realclearpolitics.com/articles/2009/03/a_dishonest_gimmicky_budget.html

Nick said...

And in an article titled, "Obama's Left Turn", Stuart Taylor writes the following:

Having praised President Obama's job performance in two recent columns, it is with regret that I now worry that he may be deepening what looks more and more like a depression and may engineer so much spending, debt, and government control of the economy as to leave most Americans permanently less prosperous and less free.

Nick said...

Stuart's article can be viewed at: http://www.nationaljournal.com/njmagazine/or_20090307_2566.php