Wednesday, March 4, 2009

White House Knocks Jim Cramer For Calling Obama Budget "Greatest Wealth Destruction By a President"



Cramer is a bit of a nut case, but he is right on this.-Lou

White House Knocks Jim Cramer For Calling Obama Budget "Greatest Wealth Destruction By a President"

NBC's Tom Costello, on duty at the White House today, asked press secretary Robert Gibbs about some comments made by his CNBC colleague Jim Cramer. On the Today show this morning, Cramer called Pres. Obama's budget a "radical agenda," adding, "This is the greatest wealth destruction I've seen by a President."

"I'm not entirely sure what he's pointing to to make some of the statements," said Gibbs. "And you can go back and look at any number of statements he's made in the past about the economy and wonder where some of the back-up for those are too."

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2 comments:

  1. AnonymousMarch 4, 2009 at 12:34 PM

    cramer is a bit nuts,but on money and investing he is a genius.

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  2. AnonymousMarch 9, 2009 at 2:27 PM

    A genius??? he said Bear Stearns would be fine and he said at one point (around end of 2007) that even though stocks are over-valued that we should keep buying. He be right here but more often than not, he just rants and raves.

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